Demystifying Central Bank Digital Currency

The payment system is changing in profound ways around the world as individuals demand faster payments, nonbank entities are seeking a greater role in facilitating payments, and a wide range of investors appear to believe that there is a significant role for cryptocurrencies as investment and as payment instruments. As a result, the concept of a central bank digital currency (CBDC) has gained traction, with an increasing number of central banks around the world announcing efforts to explore CBDC use and designs.

In an event organised by the Economic Society of Australia, QLD and the School of Economics and Finance, QUT, Governor Christopher Waller of the United States Federal Reserve System, will offer some reflections on several issues surrounding the issuance of central bank digital currencies and how they might impact the economy.

About the presenter

Governor Waller took office as a member of the Board of Governors of the United States Federal Reserve System on December 18, 2020. Prior to his appointment at the Board, he served as executive vice president and director of research at the Federal Reserve Bank of St. Louis from June 2009 through December 2020. Governor Waller has also held various academic positions, serving as the Gilbert F. Schaefer Chair of Economics at the University of Notre Dame, the Carol Martin Gatton Chair of Macroeconomics and Monetary Economics at the University of Kentucky and as a professor of economics at Indiana University.

The video recording can be watched on our YouTube Channel.

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